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Waiting signals for action

02 July 2015, USD/JPY

Daily chart: area of resistance from the middle Bollinger band (123.60) has been reached. Now the price can only move in two ways: to the bottom (122.10), either upper (125.03)Bollinger bands.

Waiting signals for action

Н4: it is the same but thre is a strong pressure from ADX, so bulls have a positional advantage.

Waiting signals for action

Expectations: 1) Growth to 125.00 and a pullback to 123.00to gain momentum. 2) Decline to 122.10

Trading decisions:

1) Waiting signals for sales to 123.60, or purchases from 123.00. Target for purchases - 125.00, target for sales - 122.10

Aleksey Panasenko
Analyst of «FreshForex» company
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